AGREEMENT

BETWEEN

THE KINGDOM OF BELGIUM

AND

SAINT LUCIA

AND


FOR

THE EXCHANGE OF INFORMATION RELATING TO TAX MATTERS


AGREEMENT
BETWEEN
THE KINGDOM OF BELGIUM
AND
SAINT LUCIA
FOR
THE EXCHANGE OF INFORMATION RELATING TO TAX MATTERS








THE GOVERNMENT OF THE KINGDOM OF BELGIUM


AND


THE GOVERNMENT OF SAINT LUCIA,








DESIRING to facilitate the exchange of information with respect to taxes,




HAVE AGREED as follows:


Article 1

Object and Scope of the Agreement


The competent authorities of the Contracting Parties shall provide assistance through exchange of
information that is foreseeably relevant to the administration and enforcement of the domestic laws of
the Contracting Parties concerning taxes covered by this Agreement. Such information shall include
information that is foreseeably relevant to the determination, assessment and collection of such taxes,
the recovery and enforcement of tax claims, or the investigation or prosecution of tax matters.
Information shall be exchanged in accordance with the provisions of this Agreement and shall be
treated as confidential in the manner provided in Article 8. The rights and safeguards secured to
persons by the laws or administrative practice of the requested Party remain applicable to the extent
that they do not unduly prevent or delay effective exchange of information.



Article 2

Jurisdiction


A Requested Party is not obligated to provide information which is neither held by its authorities nor
in the possession or control of persons who are within its territorial jurisdiction.



Article 3

Taxes Covered


1. The taxes which are the subject of this Agreement are all taxes imposed or administered by
either Contracting Party including any identical or substantially similar taxes imposed after the
date of signature of the Agreement.

2. This agreement shall also apply to taxes imposed in Belgium by its political subdivisions or
local authorities from the date on which Belgium shall notify the other Contracting Party
through diplomatic channels that Belgium agrees on such application.



Article 4

Definitions


1. For the purposes of this Agreement, unless otherwise defined:

a) the term “Contracting Party” means Saint Lucia or Belgium as the context requires;

b) the term “Saint Lucia” means the country of Saint Lucia;


c) the term “Belgium” means the Kingdom of Belgium; used in a geographical sense, it
means the territory of the Kingdom of Belgium, including the territorial sea and any other
area in the sea and in the air within which the Kingdom of Belgium, in accordance with
international law, exercises sovereign rights or its jurisdiction;

d) the term “competent authority” means

i) in the case of Saint Lucia, the Minister of Finance or the Minister’s authorised
representative;
ii) in the case of Belgium, the Minister of Finance or his authorised representative;

e) the term “person” includes an individual, a company and any other body of persons;

f) the term “company” means any body corporate or any entity that is treated as a body
corporate for tax purposes;

g) the term “publicly traded company” means any company whose principal class of shares
is listed on a recognised stock exchange provided its listed shares can be readily
purchased or sold by the public. Shares can be purchased or sold “by the public” if the
purchase or sale of shares is not implicitly or explicitly restricted to a limited group of
investors;

h) the term “principal class of shares” means the class or classes of shares representing a
majority of the voting power and value of the company;

i) the term “recognised stock exchange” means any stock exchange agreed upon by the
competent authorities of the Contracting Parties;

j) the term “collective investment fund or scheme” means any pooled investment vehicle,
irrespective of legal form. The term “public collective investment fund or scheme” means
any collective investment fund or scheme provided the units, shares or other interests in
the fund or scheme can be readily purchased, sold or redeemed by the public. Units,
shares or other interests in the fund or scheme can be readily purchased, sold or redeemed
“by the public” if the purchase, sale or redemption is not implicitly or explicitly restricted
to a limited group of investors;

k) the term “tax” means any tax to which the Agreement applies;

l) the term “applicant Party” means the Contracting Party requesting information;

m) the term “requested Party” means the Contracting Party requested to provide information;

n) the term “information gathering measures” means laws and administrative or judicial
procedures that enable a Contracting Party to obtain and provide the requested
information;

o) the term “information” means any fact, statement or record in any form whatever;

p) the term “criminal tax matters” means tax matters involving intentional conduct which is
liable to prosecution under the criminal laws of the applicant Party;

q) the term “ criminal laws” means all criminal laws designated as such under domestic law
irrespective of whether contained in the tax laws, the criminal code or other statutes.


2. The term “Anstalten” for the purposes of the Agreement shall be interpreted in accordance with
paragraphs 52 and 53 of the Commentary to the OECD Model Agreement on Exchange of
Information on Tax Matters.

3. As regards the application of this Agreement at any time by a Contracting Party, any term not
defined therein shall, unless the context otherwise requires, have the meaning that it has at that
time under the law of that Party, any meaning under the applicable tax laws of that Party
prevailing over a meaning given to the term under other laws of that Party.



Article 5

Exchange of Information Upon Request


1. The competent authority of the requested Party shall provide upon request information for the
purposes referred to in Article 1. Such information shall be exchanged without regard to
whether the conduct being investigated would constitute a crime under the laws of the requested
Party if such conduct occurred in the territorial jurisdiction of the requested Party.

2. If the information in the possession of the competent authority of the requested Party is not
sufficient to enable it to comply with the request for information, that Party shall use all relevant
information gathering measures to provide the applicant Party with the information requested,
notwithstanding that the requested Party may not need such information for its own tax
purposes.

3. If specifically requested by the competent authority of an applicant Party, the competent
authority of the requested Party shall provide information under this Article, to the extent
allowable under its domestic laws, in the form of depositions of witnesses and authenticated
copies of original records.

4. Each Contracting Party shall ensure that its competent authorities for the purposes specified in
Article 1 of the Agreement, have the authority to obtain and provide upon request:

a) information held by banks, other financial institutions, and any person acting in an
agency or fiduciary capacity including nominees and trustees;

b) information regarding the ownership of companies, partnerships, trusts, foundations,
“Anstalten” and other persons, including, within the constraints of Article 2, ownership
information on all such persons in an ownership chain; in the case of trusts, information
on settlors, trustees and beneficiaries; and in the case of foundations, information on
founders, members of the foundation council and beneficiaries. Further, this Agreement
does not create an obligation on the Contracting Parties to obtain or provide ownership
information with respect to publicly traded companies or public collective investment
funds or schemes unless such information can be obtained without giving rise to
disproportionate difficulties.

5. The competent authority of the applicant Party shall provide the following information to the
competent authority of the requested Party when making a request for information under the
Agreement to demonstrate the foreseeable relevance of the information to the request:

a) the identity of the person under examination or investigation;


b) a statement of the information sought including its nature and the form in which the
applicant Party wishes to receive the information from the requested Party;

c) the tax purpose for which the information is sought;

d) grounds for believing that the information requested is held in the requested Party or is in
the possession or control of a person within the jurisdiction of the requested Party;

e) to the extent known, the name and address of any person believed to be in possession of
the requested information;

f) a statement that the request is in conformity with the law and administrative practices of
the applicant Party, that if the requested information was within the jurisdiction of the
applicant Party then the competent authority of the applicant Party would be able to
obtain the information under the laws of the applicant Party or in the normal course of
administrative practice and that it is in conformity with this Agreement;

g) a statement that the applicant Party has pursued all means available in its own territory to
obtain the information, except those that would give rise to disproportionate difficulties.

6. The competent authority of the requested Party shall forward the requested information as
promptly as possible to the applicant Party. To ensure a prompt response, the competent
authority of the requested Party shall:

a) Confirm receipt of a request in writing to the competent authority of the applicant Party
and shall notify the competent authority of the applicant Party of deficiencies in the
request, if any, within 60 days of the receipt of the request.

b) If the competent authority of the requested Party has been unable to obtain and provide
the information within 90 days of receipt of the request, including if it encounters
obstacles in furnishing the information or it refuses to furnish the information, it shall
immediately inform the applicant Party, explaining the reason for its inability, the nature
of the obstacles or the reasons for its refusal.



Article 6

Tax Examinations Abroad


1. A Contracting Party may allow representatives of the competent authority of the other
Contracting Party to enter the territory of the first-mentioned Party to interview individuals and
examine records with the written consent of the persons concerned. The competent authority of
the second-mentioned Party shall notify the competent authority of the first-mentioned Party of
the time and place of the meeting with the individuals concerned.


2. At the request of the competent authority of one Contracting Party, the competent authority of
the other Contracting Party may allow representatives of the competent authority of the first-
mentioned Party to be present at the appropriate part of a tax examination in the second-
mentioned Party.

3. If the request referred to in paragraph 2 is acceded to, the competent authority of the
Contracting Party conducting the examination shall, as soon as possible, notify the competent
authority of the other Party about the time and place of the examination, the authority or official
designated to carry out the examination and the procedures and conditions required by the first-
mentioned Party for the conduct of the examination. All decisions with respect to the conduct of
the tax examination shall be made by the Party conducting the examination.



Article 7

Possibility of Declining a Request


1. The requested Party shall not be required to obtain or provide information that the applicant
Party would not be able to obtain under its own laws for purposes of the administration or
enforcement of its own tax laws. The competent authority of the requested Party may decline to
assist where the request is not made in conformity with this Agreement.

2. The provisions of this Agreement shall not impose on a Contracting Party the obligation to
supply information which would disclose any trade, business, industrial, commercial or
professional secret or trade process. Notwithstanding the foregoing, information of the type
referred to in Article 5, paragraph 4, shall not be treated as such a secret or trade process merely
because it meets the criteria in that paragraph.

3. The provisions of this Agreement shall not impose on a Contracting Party the obligation to
obtain or provide information, which would reveal confidential communications between a
client and an attorney, solicitor or other admitted legal representative where such
communications are:

a) produced for the purposes of seeking or providing legal advice or

b) produced for the purposes of use in existing or contemplated legal proceedings.

4. The requested Party may decline a request for information if the disclosure of the information
would be contrary to public policy (ordre public).

5. A request for information shall not be refused on the ground that the tax claim giving rise to the
request is disputed.

6. The requested Party may decline a request for information if the information is requested by the
applicant Party to administer or enforce a provision of the tax law of the applicant Party, or any
requirement connected therewith, which discriminates against a national of the requested Party
as compared with a national of the applicant Party in the same circumstances.


Article 8

Confidentiality


1. Any information received by a Contracting Party under this Agreement shall be treated as
confidential and may be disclosed only to persons or authorities (including courts and
administrative bodies) in the jurisdiction of the Contracting Party concerned with the
assessment or collection of, the enforcement or prosecution in respect of, or the determination
of appeals in relation to, the taxes covered by this Agreement. Such persons or authorities shall
use such information only for such purposes. They may disclose the information in public court
proceedings or in judicial decisions. The information may not be disclosed to any other person
or entity or authority or any other jurisdiction without the express written consent of the
competent authority of the requested Party.

2. In case of exchange of information in respect of an identified or identifiable individual, the
provisions of Chapter 6, in particular the Article 199, of the Economic Partnership Agreement
between the Cariforum States and the European Community and its Member States of 15
Ocotber 2008 shall be applied accordingly.



Article 9

Costs


Incidence of costs incurred in providing assistance shall be agreed by the Contracting Parties.



Article 10

Implementation Legislation


The Contracting Parties shall take all necessary legislative steps to comply with, and give effect to, the
terms of the Agreement.



Article 11

Other international agreements or arrangements


The possibilities of assistance provided by this Agreement do not limit, nor are they limited by, those
contained in existing international agreements or other arrangements between the Contracting Parties
which relate to co-operation in tax matters.


Article 12

Mutual Agreement Procedure


1. Where difficulties or doubts arise between the Contracting Parties regarding the implementation
or interpretation of the Agreement, the competent authorities shall endeavour to resolve the
matter by mutual agreement.

2. In addition to the agreements referred to in paragraph 1, the competent authorities of the
Contracting Parties may mutually agree on the procedures to be used under Articles 5 and 6.

3. The competent authorities of the Contracting Parties may communicate with each other directly
for purposes of reaching agreement under this Article.

4. The Contracting Parties may also agree on other forms of dispute resolution.



Article 13

Entry into Force


1. This Agreement shall enter into force when each Party has notified the other of the completion
of its necessary internal procedures for entry into force. Upon entry into force, it shall have
effect:

a) for criminal tax matters on that date; and

b) for all other matters covered in Article 1 on that date, but only in respect of taxable
periods beginning on or after that date, or where there is no taxable period, all charges to
tax arising on or after that date.

2. Notwithstanding paragraph 1 of this Article, paragraph 5, f) of Article 5 and the first sentence of
paragraph 1 of Article 7 shall only have effect for both parties from the date on which Belgium
shall notify Saint Lucia through diplomatic channels that Belgium has implemented legislation
providing for the exchange of banking information for purposes of its own tax laws.



Article 14

Termination


1. Either Contracting Party may terminate the Agreement by serving a notice of termination either
through diplomatic channels or by letter to the competent authority of the other Contracting
Party.

2. Such termination shall become effective on the first day of the month following the expiration
of a period of six months after the date of receipt of notice of termination by the other
Contracting Party.


3. Following termination of the Agreement the Contracting Parties shall remain bound by the
provisions of Article 8 with respect to any information obtained under the Agreement.








IN WITNESS WHEREOF, the undersigned, being duly authorised thereto, have signed the
Agreement.


DONE at Brussels, on the ………. day of …………………………………. 2009.


FOR THE GOVERNMENT
OF THE KINGDOM OF BELGIUM:
FOR THE GOVERNMENT
OF SAINT LUCIA: